Overview

The document is the Securities and Exchange Commission (Capital Market Operators Anti-Money Laundering, Combating Financing of Terrorism and Proliferation Financing) Regulations, 2022. It outlines the legal framework for capital market operators in Nigeria to prevent money laundering, terrorism financing, and proliferation financing. The regulations cover objectives, application, institutional policy framework, customer due diligence (CDD) measures, internal controls, monitoring and reporting of suspicious transactions, employee education, and know your customer (KYC) procedures. Key aspects include the appointment of AML/CFT/CPF compliance officers, cooperation with authorities, prohibition of anonymous accounts, risk-based CDD, enhanced due diligence for higher-risk clients, travel rule requirements, record-keeping, suspicious transaction reporting, and training programs. The document specifies identification procedures for various client types, including individuals, corporations, trusts, and non-profit organizations.

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